Ghosts of Dubai World’s past may return to haunt
The emirate is once again dreaming big with plans for a city centre canal and a $1 billion replica of India's Taj Mahal.
November 22, 2012 9:00
Dubai’s Limitless to sign $1.2 billion debt deal in September
Limitless, the indebted property arm of Dubai World, is aiming to conclude its $1.2 billion debt deal with creditors by the end of September, the company said on Tuesday.
September 4, 2012 5:34
DP world’s H1 profit flat, cites global climate
Dubai's DP World, the world's third largest port operator, reported flat profits for the first half of this year, citing an uncertain global economic climate.
August 29, 2012 10:07
Drydocks World eyes repaying $2.2B debt in 5 years
Shipbuilder Drydocks World, a unit of Dubai World, has proposed repaying creditors in five years and is seeking more working capital as it tries to restructure a $2.2 bln loan facility, ending lengthy and complex debt talks.
March 10, 2012 4:55
Dubai’s Drydocks to present $2.2B debt plan next week
Dubai's ship building unit Drydocks World, in negotiations to restructure a $2.2 billion loan facility, will present terms of the proposal to lenders on March 8, seeking to put an end to the long-drawn and complex debt talks.
March 1, 2012 1:42
Should Nakheel pay its ex-CEO his dues?
He deserves his day in court, for sure. But does the former Nakheel CEO deserve his benefits and pay after given the company was pretty much sinking in the red?
December 20, 2011 12:59Dubai’s Drydocks expects debt deal by March
Drydocks eyeing payment extension of 5-8 years; No financial support sought from Dubai govt
December 20, 2011 10:57Dubai World reopens Ain al-Sokhna port in Egypt
Dubai port operator DP World has reopened its Ain al-Sokhna port in Egypt after a temporary shutdown caused by labour strikes, the head of the Red Sea Ports Authority said on Monday.
September 26, 2011 2:27Claims on Nakheel may not go to Dubai special court
A special tribunal set up to hear disputes over Dubai World's debt restructuring may not hear cases against former unit Nakheel after the government took over the troubled property developer in August.
September 26, 2011 2:14Dubai’s Nakheel sees restructuring process done by H1
Nakheel is restructuring $10.9 bln with creditors; Will provide term sheet to bank lenders for final approval; Says restructuring process is nearing completion
March 23, 2011 3:21Dubai World signs final debt restructuring agreement
Dubai World sets interest rate at 2.4 percent; Repayment will be issued in two tranches
March 23, 2011 3:11
The latest on Dubai World. Yawn.
Dubai World is signing its deal with its last creditor next week – whoopee! Wait; weren’t we excited about this five months ago, when we first heard about the completed debt restructuring?
March 10, 2011 3:15UAE bankruptcy law in early draft stages – official
New legislation intended to replace current laws
February 28, 2011 3:52Dubai World unit agrees credit facility, debt talks
Drydocks World, unit of Dubai World about to enter into discussions with representatives of its lenders
January 22, 2011 2:54
Goodbye, cruel World!
Kipp is thinking that a sinking of the World islands in Dubai may be no bad thing.
January 20, 2011 4:23
Kuwait: expats sent packing
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Dubai Labourers on 'rare' labour protest
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
Tumblr officially off the market
Yahoo! board unanimously approves the acquisition...
May 19, 2013 3:20
A maid's wage
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43